J_Graystone
Short

EURJPY Bearish Bat Pattern at 128.33

FX:EURJPY   Euro / Japanese Yen
259 3 7
We have been waiting for confirmation of a trend reversal on this pair after respecting previous structure support .
The market has recently put in a double bottom followed by a 2618 set up which is a good indication that market is in a bullish rotation.

Having said that, there is a bat pattern completion at 128.33 which means any Bat pattern traders will have to get short! WHY? because if you trade bat patterns, you have to take every one you see that meets your rules right?

so looking at

BAT Pattern @ 128.33
Min Stops above X at 128.56 MINIMUM
Target 1 = 127.93
Target 2 = 127.69

We will hopefully see some action in our live room this morning following yesterdays winners, as there are a few things on my radar...

Good Luck.

http://www.tradeempowered.co.uk
Just curious . . .
With a ratio of .617 on A to B leg
Why is this a Bat instead of a Gartley ?
Thanks for your thoughts and wishing a pocket full of pips !!!!!!
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Well spotted Jason, still being in this "going no where" 2618, I did not check if there was any other opportunities on that pair... looking forward for the live room today (as I do everyday :) you're doing a fantastic job)
+1 Reply
J_Graystone PRO journeyofarookie2.0
Thanks! Great to hear people are really getting value from the room as that's what its designed for. See you there in about 30 mins!
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